PALM BEACH INDUSTRIAL PARK II INC (EIN 371732764) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

GERHARD JAKITS

Phone

7609437000

Tax Period

2023-01-01 to 2023-12-31

PALM BEACH INDUSTRIAL PARK II INC, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $668K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $457K, a strong 69% operating margin.

Mission

TO HOLD TITLE TO REAL PROPERTY AND TURN OVER PROFITS FROM THE RENTAL ACTIVITY TO THE PARENT EXEMPT ORGANIZATION; THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (EIN: 11-6013398).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $18

Other Revenue $667,570

TOTAL REVENUE $667,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,461

Fundraising Expenses $0

Program Expenses $329,237

Other Expenses $8,800

TOTAL EXPENSES $210,261

Year-over-Year Comparison

	2023	2022	Change
Revenue	$667,588	$711,767	-0.1%
Expenses	$210,261	$313,059	-0.3%
Net Income	$457,327	$398,708	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$492,330

Total Directors

$492,330

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERHARD JAKITS	PRESIDENT	17.50	Officer Director	$62,343	$30,000	$214,994
GEORGE STECHEL	VICE-PRESIDE	17.50	Officer Director	$62,343	$30,000	$214,994
MICHAEL STECHEL	SECRETARY	20.00	Officer Director	$62,342	$0	$62,342

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$667,588	$210,261	$3,592,779	$457,327
2022	$711,767	$313,059	$3,665,731	$398,708
2021	$594,053	$381,665	$3,695,592	$212,388
2020	$665,911	$381,650	$3,675,943	$284,261
2020	$665,911	$381,650	$3,675,943	$284,261

PALM BEACH INDUSTRIAL PARK II INC